Posted on 07/05/2010 8:16:09 AM PDT by MuttTheHoople
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Read more: http://www.atr.org/sixmonths.html?content=5171#ixzz0soxbwXNO
(Excerpt) Read more at atr.org ...
Both spending and taxes must be cut. In the short term, though, cutting taxes produces a bigger economic bump than raising government spending. And conversely.
In January they plan to blame all the newly elected Republicans for this increase.
The public is informed enough to buy it, hook, line and sinker.
this one keep me awake at night worrying
how much of an increase in taxes will it take most of the middle class to have to severely adjust their lifestyle?
$5,000? $10,000? $15,000?
This is what the dems have been waiting for. This is where the money leaves our pockets and flies into the waiting arms of big-government extremists who will use the money to make themselves rich, and pay people who vote democrat.
Well yeah, but according to Hillary, REEEEEL patriots will be more than WILLING to pay the higher taxes.
The Republicans did get in the media's and democrats’ face and CUT taxes in 2001 AND 2003 . Read THIS article.
Democrats are the threat to America and our way of life. They always have been. Your government doesn't work. A 4 trillion dollar government annual budget for what , global warming studies for a lie called global warming, welfare and useless government programs.The government and democrats are exploding the debt and deficit.
Government/socialism doesn't work . No government is producing a product we can hold in our hands to compete with private businesses because government can't produce any product of quality and is 1000's of times less efficient than capitalism. Democrats/Obama's bank regulators are crippling lending to businesses which is why we are in an economic depression. More 2700 page laws which further cripple capitalism like the healthcare bill are on the way from Democrats. Democrats will give illegals Amnesty, destroy the oil industry , cap and trade etc.
Republicans have too few numbers to stop anything the Demorats/Marxists try to ram through the Congress. The Democrats have a super majority in The congress and there is nothing Republicans can do now as evidenced by the Democrats ramming through government healthcare and radical liberal/marxist judges put on the Supreme Court, against the will of the people and against the will of the GOP.
WHEN Republicans had barely a majority they did the right thing and cut taxes giving the U.S. 4% unemployment which is no unemployment. It was only until the Democrat congress took power in 2006 that the economy tanked.
It is these communist Marxist/Democrats in Congress who are allowing the tax cuts to expire. Republicans have no where near the numbesr to do anything. getting in someones face won't do diddly squat as VOTING by congressmen is the ACTION that matters.
Put the blame for this growing government, rising taxes, increasing regulations, increasing take over of private industries where it belongs on the democrat party.
Republicans only had barely a majority for 12 years from 1994 to 2006 when the U.S. had one of the best economies ever. In the last 100 years except for that 12 year period of brilliant light the U.S.A has been in the darkness, under the power of the Democrat congress and that's who the blame belongs to for the U.S.A's shift to left, growing government, increasing taxes, takeover of private industries, increasing regulations,illegals, etc. The blame belongs ONLY on the Democrats who are and have been the threat to America, our way of life, prosperity , and even to freedom itself.
I'm tired of people blaming Republicans. Go donate to your Democrats. Stop drinking the media's Koolaid you GOP bashers who are legion.
This should just about put us over the edge...
Think Americans are p.o.ed now? Just wait for these bad boys to rain on America’s parade. When they kick in the words
Tax
Enough
Already
will be an understatement.
Most people will just have to adjust their savings. I certainly don’t waste my time worrying about it but I will just make adjustments to my budget just like I do when other items increase. I think many people will survive this as these were what people were paying ten years ago...so people still have that money it is just attached to savings. Remember everyone had money left over at the end of the month because the taxes were decreased. However, I believe that they will extend the tax decrease for a bit longer.
‘For over eight years, all I ever heard the leftards whine about was, “Tax cuts for the rich!!!” and yet who’s going to be hit first, hardest, and worst? The lower and middle classes.’
Think about it for a second. To a Leftist anyone with a dollar or more in their pocket is rich. And that dollar needs to be taxed 100%.
I suppose thats why she hasn’t forked over 90% of her income to the Federal government... no walking the talk for Hillery eh?She IS one of the rich, she should volunteer... What? Don’t hold my breath?? LOL
They don’t even realize just how much WORSE things are going to get when those increases hit. They think it will make things better.
F****** idiots.
That is where I worry. And if people like me are worried about coming up with thousands more in taxes (we already did this past year with the AMT) then a lot of people could be in big trouble.
People will simply avoid taxes however they can.
Nancy Pelosi lied and hundreds of companies died.
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